Send to Kindle
Data for the first 2 months of 2012 show that Bulgaria's state budget is being executed according to schedule and does not need to be revised, stated the Bulgarian Ministry of Finance Tuesday.
The Ministry of Finance was responding to a warning by rightist Union of Democratic Forces party, member of the Blue Coalition, according to which the budget is heading for failure and needs to be updated.
State revenue for 2012 is bound to be some BGN 814 M lower than expected, raising the budget deficit to close to BGN 2 B, warned the UDF.
According to the Ministry of Finance, state revenue for January and February 2012 have grown by 13.5% with respect to the same period last year.
Revenue from VAT have grown by 30.4%. This makes for 14.5% of the scheduled yearly VAT revenue, against 13.3% in 2011.
16.1% of non-tax revenue for the year have been fulfilled by February, against 14.3% last year.
Accounting data for the first two months of 2012 resolutely refute any allegations that Bulgaria's state budget for the year needs to be revised, summarizes the Ministry of Finance.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Marking the inaugural decision of Bulgaria's new caretaker government, the Customs Agency welcomes a new director, as announced by acting Finance Minister Lyudmila Petkova
Since the activation of the extension of the Turk Stream gas pipeline passing through Bulgarian territory, the revenue generated from reserved capacities and the volume of natural gas transported between Bulgaria's borders with Turkey and Serbia has amoun
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
The Bulgarian Ministry of Finance has unveiled plans to consolidate the National Revenue Agency and the Customs Agency into a single entity, marking a significant step towards streamlining financial operations in the country
Revenues from overnight stays in Bulgaria witnessed a robust recovery in November 2023, surpassing pre-pandemic levels and marking a positive trend for the nation's tourism industry
In a significant decision, Members of Parliament have passed a bill extending the reduced VAT rate of 9% for restaurants until December 31, 2024
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
